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P&G To Cut Jobs

Cincinnati-based Procter & Gamble says it will cut 3 thousand to 6 thousand office jobs worldwide. P-and-G officials have yet to say how many cuts will be made in Ohio. The company blames what it calls disappointing sales revenue. The company on Thursday reported a third quarter profit of 2.15 billion dollars on 18.4 billion dollars in sales. The sales figures met with Wall Street expectations.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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